Fortescue (ASX:FMG) 5-Year Yield-on-Cost % : 82.97 (As of Apr. 28, 2024)

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What is Fortescue 5-Year Yield-on-Cost %?

Fortescue's yield on cost for the quarter that ended in Dec. 2023 was 82.97.

The historical rank and industry rank for Fortescue's 5-Year Yield-on-Cost % or its related term are showing as below:

ASX:FMG' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 6.91 Med: 61.54 Max: 205.36
Current: 82.97

During the past 13 years, Fortescue's highest Yield on Cost was 205.36. The lowest was 6.91. And the median was 61.54.

ASX:FMG's 5-Year Yield-on-Cost % is ranked better than
98.37% of 307 companies
in the Metals & Mining industry
Industry Median: 3.23 vs ASX:FMG: 82.97

Competitive Comparison of Fortescue's 5-Year Yield-on-Cost %

For the Other Industrial Metals & Mining subindustry, Fortescue's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortescue's 5-Year Yield-on-Cost % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortescue's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Fortescue's 5-Year Yield-on-Cost % falls into.

Fortescue 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Fortescue is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Fortescue (ASX:FMG) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Fortescue 5-Year Yield-on-Cost % Related Terms

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Fortescue (ASX:FMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (ASX:FMG) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

FSUMF:USA FSUGY:USA FVJ:Germany

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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